Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Dominican Republic - 2022

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Dominican Republic (CIF) - 2022
2. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Dominican Republic

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Dominican Republic (CIF) - 2022

The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $3,538 per ton in 2022, dropping by -41.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 40%. Over the period under review, average import prices hit record highs at $9,918 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,457 per ton), while the price for Ecuador totaled $962 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%).

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Dominican Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, when their volume decreased by -7.8% to 353 kg. The total import volume increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 35%.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses dropped sharply to $1.2K in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. As a result, imports attained the peak of $3.4K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to the Dominican Republic in 2022:

1. Ecuador (213.0 kg)
2. United States (140.0 kg)

Source: IndexBox Market Intelligence Platform